- About Us
- Nano-Social Network
- Nano Consulting
- My Account
November 25th, 2007
Nanosphere's automated genetic testing equipment sells for $50,000 per unit, but despite the hefty price tag the Northbrook-based start-up isn't counting on much profit selling boxes.
It's the cartridges used for each test, which go for $65 each, where Nanosphere figures to generate revenue.
"Ours is a razor/razor blade business model," said William Moffitt, Nanosphere's chief executive. "We want to place our equipment in hospital labs so they'll start buying our cartridges."
The plastic cartridges contain genetic material, nanoparticles and chemicals made and packaged in Nanosphere's high-tech operation. Having recently won regulatory approval from the Food and Drug Administration, Nanosphere is rolling out its products slowly, starting with half a dozen hospital labs where company representatives spend a lot of time helping hospital technicians learn to use the equipment.
|Related News Press|
New active filaments mimic biology to transport nano-cargo: A new design for a fully biocompatible motility engine transports colloidal particles faster than diffusion with active filaments January 11th, 2017
Arrowhead Provides Response to New Minority Shareholder Announcement January 7th, 2017
Interviews/Book Reviews/Essays/Reports/Podcasts/Journals/White papers
Strength of hair inspires new materials for body armor January 18th, 2017
Self-assembling particles brighten future of LED lighting January 18th, 2017
Nanoparticle exposure can awaken dormant viruses in the lungs January 17th, 2017